Does anyone Provide this Type of Insurance?

rpawa

New Member
My friend is looking for this type of coverage and its urgent. Could anyone advise as to who should he speak with?



14.1 Throughout the Term, Company will maintain the following types and amounts of insurance: (a) commercial general liability insurance, with minimum limits of two million dollars ($2,000,000.00) per occurrence; (b) umbrella liability insurance with minimum limits of five million dollars ($5,000,000.00) and (c) Electronic And Information Technology Errors Or Omissions (“EIT E&O”) insurance with minimum limits of five million dollars ($5,000,000.00) per claim; the commercial general liability and umbrella liability policies each with a deductible of not greater than twenty thousand dollars ($20,000.00) and the EIT E&O policy with a deductible of not greater than fifty thousand dollars ($50,000.00).
14.2 Company will obtain and maintain a cybersecurity liability insurance policy with minimum limits of $20,000,000 per claim and $20,000,000 aggregate. If this insurance is written on a claims-made basis, (a) the retroactive date must precede Services performed under this Agreement; and (b) coverage must continue through the purchase of an extended reporting period (or continuation of the existing coverage) for a minimum of three (3) years after termination of the Agreement. The cybersecurity liability policy will be primary and non-contributory to the coverage maintained by T-Mobile.
 
What type of work does he do? This insurance will get pricey. Are they firm on those requirements? I might be able to help depending on the state he is in.
 
Yes, coverage like that should be available. The state your friend in will matter as to who is able to help and what company and premium.
 
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